El Paso Electric Announces Quarterly Dividend
January 23 2014 - 8:18PM
Business Wire
The Board of Directors of El Paso Electric (NYSE:EE) has
declared a regular quarterly cash dividend on its common stock of
$0.265 per share. The dividend was declared on January 23, 2014,
and is payable on March 31, 2014, to shareholders of record on
March 14, 2014.
El Paso Electric is a regional electric utility providing
generation, transmission and distribution service to approximately
392,000 retail and wholesale customers in a 10,000 square mile area
of the Rio Grande valley in west Texas and southern New Mexico. El
Paso Electric has a net dependable generating capability of 1,852
MW.
Safe Harbor
This news release includes statements that may constitute
forward-looking statements made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
This information may involve risks and uncertainties that could
cause actual results to differ materially from such forward-looking
statements. Factors that could cause or contribute to such
differences include, but are not limited to: (i) increased prices
for fuel and purchased power and the possibility that regulators
may not permit EE to pass through all such increased costs to
customers or to recover previously incurred fuel costs in rates;
(ii) recovery of capital investments and operating costs through
rates in Texas and New Mexico; (iii) uncertainties and instability
in the general economy and the resulting impact on EE's sales and
profitability; (iv) unanticipated increased costs associated with
scheduled and unscheduled outages of generating plant; (v) the size
of our construction program and our ability to complete
construction on budget; (vi) potential delays in our construction
schedule due to legal challenges or other reasons; (vii) costs at
Palo Verde; (viii) deregulation and competition in the electric
utility industry; (ix) possible increased costs of compliance with
environmental or other laws, regulations and policies; (x) possible
income tax and interest payments as a result of audit adjustments
proposed by the IRS or state taxing authorities; (xi) uncertainties
and instability in the financial markets and the resulting impact
on EE's ability to access the capital and credit markets; and (xii)
other factors detailed by EE in its public filings with the
Securities and Exchange Commission. EE's filings are available from
the Securities and Exchange Commission or may be obtained through
EE's website, http://www.epelectric.com. Any such forward-looking
statement is qualified by reference to these risks and factors. EE
cautions that these risks and factors are not exclusive. EE does
not undertake to update any forward-looking statement that may be
made from time to time by or on behalf of EE except as required by
law.
El Paso ElectricPublic Relations:Eddie Gutierrez,
915-543-5763eduardo.gutierrez@epelectric.comorInvestor
Relations:Steve Busser,
915-543-5983steve.busser@epelectric.comorLisa Budtke,
915-543-5947lisa.budtke@epelectric.com
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